Money and Computing

Few American homeowners were spared from the broad housing collapse a decade ago, but Generation Xers were hit particularly hard. Newer to the housing market, more likely to be buying at peak prices and taking on more mortgage debt to buy their homes, they lost more wealth than other generations. But a new Pew Research Center analysis of Federal Reserve data finds that Gen Xers are the only generation of households to recover the wealth they lost during the Great Recession. more »

"A 2017 study in the Journal of Economic Perspectives examined the consumption of false news in the US during the months leading up to the 2016 presidential election. In a survey of 1,208 U.S. adults, 15 percent said they remembered seeing false news stories, and 8 percent acknowledged seeing one of these stories and believing it. The study’s authors — Hunt Allcott, an associate economics professor at New York University, and Matthew Gentzkow, an economics professor at Stanford University — estimated that US adults, on average, 'read and remembered on the order of one or perhaps several fake news articles during the election period.'" more »

The authors stress that rising temperature and climate change should not be viewed as direct motivations for suicide. Instead, they point out that temperature and climate may increase the risk of suicide by affecting the likelihood that an individual situation leads to an attempt at self-harm. “Hotter temperatures are clearly not the only, nor the most important, risk factor for suicide,” Burke emphasized. “But our findings suggest that warming can have a surprisingly large impact on suicide risk, and this matters for both our understanding of mental health as well as for what we should expect as temperatures continue to warm.” more »

When wives earn more than their husbands do, a puzzling thing can happen: Husbands say they earn more than they are and wives underreport their income. New Census Bureau research shows that the incomes couples report on Census Bureau surveys do not always match their IRS filings. The Census Bureau is working to improve the quality of reported earnings by comparing an individual’s survey response with their reported response from another source.     more »